Alternative reinsurance capital

Articles discussing alternative reinsurance capital. Largely sources from third-party investors in the capital markets, alternative reinsurance capital is increasingly being leveraged by reinsurers as a cheaper cost source of risk transfer while for investors the access to reinsurance returns as an investment is growing in popularity.

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Ariel Re’s private equity buyout from Argo completes

The previously announced acquisition of Ariel Re by private equity investors from its owner Argo Group has now been completed, putting the reinsurance company back on a private footing as a pure-play reinsurance underwriter and manager of third-party capital. Ariel Re will continue to have a focus on both traditional and read the full article →

Hannover Re’s catastrophe retro program dominated by capital markets

Global reinsurance firm Hannover Re has the capital markets at the heart of its core catastrophe retrocession program, with investors supporting some 80% of its aggregate retro and 78% of its Cat XL coverage through K-Cessions. On the whole account side, the capital markets and insurance-linked securities (ILS) investors are a read the full article →

Hamilton launches Ada Capital for high-return collateralized retro focus

Hamilton, the Bermuda based insurance and reinsurance holding company, has formally launched its Ada Capital Management platform and Ada Re underwriting vehicle for its awaited entry into the collateralized retrocession space. As we explained before, Hamilton's ambitions to capitalise on the dislocated retrocession market were already clear, with the launch of read the full article →

Multi-year hard market like 2001 possible in reinsurance: Jefferies

An aggregation of similar inflationary factors to those seen in 2001 means the reinsurance market may see a multi-year hard market, according to analysts at Jefferies. Jefferies analyst team believes that insurance and reinsurance companies are facing asset, liability and earnings related issues, which together could conspire to drive rates higher read the full article →

Bermuda at forefront of global reinsurance capital raising: Wightman, PwC

The Bermuda market is intrinsically involved in much of the successful capital raising going on in the global reinsurance sector, with the Class of 2020 well on the way to establishing itself, Arthur Wightman, PwC Territory and Insurance leader has said. With the COVID-19 pandemic ongoing, the global insurance, reinsurance and read the full article →

Best of Artemis, week ending 22nd November 2020

Here are the ten most popular news articles, week ending 22nd November 2020, covering catastrophe bonds, ILS, reinsurance capital and related risk transfer topics. To ensure you never miss a thing subscribe to the weekly Artemis email newsletter updates or get our email alerts for every article we publish. Ten most read the full article →

Swiss Re exploring more permanent alternative capital structures: CFO

During its annual investor day this morning, Swiss Re's CFO John Dacey explained just how important the use of alternative capital and relationships with insurance-linked securities (ILS) investors has become for the company, explaining that it aims to build on its use of ILS capacity and find ways to make read the full article →

Allstate’s aggregate catastrophe losses rise on hurricanes Zeta & Delta

U.S. primary insurance giant Allstate continues to aggregate catastrophe losses at a faster rate in 2020, with its total reported pre-tax losses now having risen to almost $2.74 billion on the back of October's losses which were largely from hurricane activity during the month. Allstate reports that some 85% of its read the full article →

Swiss Re targets higher P&C reinsurance profits

Global reinsurance firm Swiss Re looks set to target profitable growth for its property and casualty (P&C) reinsurance business, aiming to underwrite more business in the hardening market at a reduced combined ratio. Swiss Re is targeting an improved combined ratio for its P&C reinsurance business of less than or equal read the full article →

Southern Fidelity affirmed by Demotech after Hudson Structured investment

Demotech, Inc. affirmed the ratings of previously under-pressure Florida primary insurance carrier Southern Fidelity Insurance Company, citing the investment made by Hudson Structured Capital Management Ltd. as a driver for its renewed confidence in the insurer. As we explained recently, Southern Fidelity and its parent Capitol Preferred Insurance Company were said read the full article →